Exploratory drilling to take place in block 11 of Cyprus’ EEZ in first two weeks of July

Exploratory drilling is set to take place in block 11 of Cyprus Exclusive Economic Zone (EEZ) in the first two weeks of July, a top Total official said, on Thursday.

Eleanor Rowley, Totals VP Exploration, MENA region, was addressing a ceremony, at the Presidential Palace, during which the contracts for exploration and production sharing contracts for blocks 6 and 8 within Cyprus EEZ.

She also said that her company is looking to go ahead with an exploratory drill in block 6 within 2018 in the framework of its joint venture with ENI.

In his address Cypriot Energy Minister Yiorgos Lakkotrypis said that ENIs and Totals continued commitment in the Cypriot EEZ despite the challenges faced by the global oil and gas industry creates optimism for its prospects.

He also noted that it is particularly important that the two companies are joining forces in block 6 just as they recently did in the licensed block 11.


Source: Cyprus News Agency